Four Applebee's Restaurants to Open in Costa Rica

Aguaceros de Esperanza Group of Costa Rica will invest $5 million for the construction of the franchise’s restaurants.

With an investment of $1.3 million for each building, the Aguaceros de Esperanza Group has scheduled opening its first restaurant in Santa Ana, San José, in late 2009.

According to Nacion.com, group president Cristian Villegas stressed that "Applebee's Costa Rica will be aimed at the middle, upper middle and high class ‘with a family-menu,’ featuring salads, quesadillas, meats (ribs and chicken filets and fajitas), seafood, pasta, burgers, desserts and beverages."

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The restaurant chain Bagelmen's has closed seven stores which had been operating in the country for fourteen years, in addition to the recent closure of Wendy's, which closed its doors in early January.

Bagelmen's is the second large fast food chain which has closed its operations in the country this year.

In Costa Rica, the business sector expected a greater drop in the level of reservations for this past Easter.

The study "Perceptions of Costa Rican Tourism Entrepreneurs on the Effects of the Economic Crisis on the Tourism Industry" conducted by the National Chamber of Tourism shows that 71.2% of the entrepreneurs in the sector who in March had projected a decrease in reservations for Easter Week with respect to 2008, only 51.7% still believe that reservations were lower."

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